Cable TV shares zoom as Trai issues tariff order

MUMBAI: The tariff order from the Telecom Regulatory Authority of India (Trai) ensuring digital rollout and allowing carriage fee has triggered a jump in the share prices of the listed multi-system operators (MSOs).

Shares of Hathway Cable and Datacom closed Wednesday at Rs 185.40, 19.23 per cent above its previous close on the BSE, missing the upper circuit by a small margin.

Den Networks also went up to touch an intraday high of Rs 116.90, before closing at Rs 110.80, 2.12 per cent above its previous close.

Hinduja Ventures, which operates IndusInd Media and Communications (IMCL), also saw a 2.83 per cent jump in the closing price to close at Rs 404 a share.

Shares of WWIL closed at Rs 10.18, up 4.73 per cent over the previous close.

Hathway Bhawani Cabletel and Datacom closed 4.93 per cent up on the BSE at Rs 17.45 per share, breaching the upper circuit thrice in one day.